This pullback is an opportunity if you like to long YHOO.
YHOO broke out solid this time fueled by good earning report.
GOOG will be retesting the previous high tomorrow.
After a pullback, MSFT resumed upward movement from its recent breakout.
Overall, the tech-heavy QQQQ still has a lot of work ahead.
INDU faces the resistence around 10388.
YHOO is breaking out from its downtrend line. If you like to play break out, it’s the time. Or you can wait for its pullback, but the pullback should not dip below the downtrend line.
QQQQ had a little pullback. It did break SMA 20. After almost 5 month of steady move, it may just go sideway for a while as it did around 36 in October. The major support should be at 38. Take a look at the weekly and monthly charts for more perspectives.
SUNW is moving up quite bit in extremely high volume. It passed through the resistence at 5 and headed to the next one around 5.85, the year’s high.
LFC is trying to break out from 30. If it fails to do so, we will see some pullback near the base it built in the past two months. From the chart, getting back to the all time high of 35 is reacheable. It may go sideway before moving to 35 just like it did around the base at 25.